Date: 15th February 2017
UK, 15th February 2017 – The ai Corporation (ai) based in Surrey, UK have today announced the advancement of their Research Council (RC). Partnered with Southampton University and Leuven University, this research will further strengthen ai’s position at the forefront of the payments industry.
The focus for the RC, is on releasing human creativity within the payments landscape, by automating complex and repetitive tasks to simply stop fraud.
Tom Myles, Chair of the Research Council and CTO at ai says “One of the key focus points will be the adoption of true machine deep learning. This is the movement away from supervised to an unsupervised self-learning system with the purpose of fully automating fraud prevention activities for all payment types.” Tom Myles, Chair of the Research Council and CTO of ai.
Their research focus is aimed at augmenting our market successes that fraud prevention platforms are capable of so much more than just detecting fraud. “One of the richest sources of information in any organization is the fraud database – it has to be to get the best results. If fraud databases are so good at finding the bad guys, turning this data refinery around to look for positive things should be simple.” Tom says.
The purpose of the RC is to develop the solution road map for ai and to create solutions that can be adapted to automate not just fraud, but other areas of the business such as; credit scoring, credit monitoring, gateway switching and interchange optimization, sales and marketing effectiveness. Ultimately, ai’s fraud platform is a reusable technology asset that has a wider business application as end to end decision engine.
In order to retain a competitive positions, research and development is imperative and this step shows that innovation is at the heart of ai’s business.
Founded in 1998, The ai Corporation (ai) has a long and exciting heritage as one of the world’s leading companies in fraud, risk management and pioneering business intelligence from payments data.
Their unique products including new state-of-the-art neural technology, protect and enrich the payments experiences for more than 100 banks globally. These products monitor in excess of 30 billion transactions and authorisations each year for over 3 million multi-channel merchants and over 300 million consumer cardholders.
For the last 18 years, ai has provided, simple, self-service solutions to some of the world’s largest financial institutions, international merchants and other major payment service providers. Today, our unique self-service products and our managed services are considered by many industry thought leaders to be the best in the world and are designed to help their clients grow profitably.
For further information please contact:
Samantha Duke – Marketing Manager
01392 267180 / 07788 255 911
20 Nugent Road,
Surrey Research Park,